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(Time)   Time writer asks, "If there's no inflation why are prices going up?" Also wonders how he'll fill up balloons for next birthday party   (business.time.com) divider line 6
    More: Misc, birthday party, Standard Oil, relative term, John D. Rockefeller, local income taxes, commercial real estate, CPI, official statistics  
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4339 clicks; posted to Main » on 13 Mar 2013 at 9:04 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-13 09:06:55 AM
2 votes:
$5 Footlong 2008 = $5
$5 Footlong 2013 = $5*

*the Spicy Italian has gone up to $5.25.

It's like living in the Weimar Republic.
2013-03-13 12:34:16 PM
1 votes:

5monkeys: Rapmaster2000: impaler: Warthog: I'm sorry, but my mind isn't feeling blown.  What am I supposed to take from these tables?

That CPI is a reasonably accurate gauge of inflation.

Yes.  CPI works its way into inflation data over time because the pressures of increased fuel costs pressures the shipping, manufacturing, and materials costs of goods, and increased food costs puts pressure specifically on the labor costs used to produce those goods (or materials in the case of foodstuffs).

Chained CPI which throws an additional complexity into calculations, but is more accurate to consumer behavior than just CPI as 5monkeys shows above.  5monkeys is simply not buying apple juice as frequently, choosing another product substitute, or foregoing apple juice altogether.  That's chained CPI.

When the price gets high enough you go from juice to drink. Grape juice is good for you, grape drink... not so much. And don't get me started on apple drink. That stuff is gross.


I've moved on to Grape Drank.
2013-03-13 11:15:14 AM
1 votes:

Necronic: Came for a helium shortage reference.  Left dissapointed.deflated


FTFY
2013-03-13 09:45:21 AM
1 votes:

UberDave: so the grand collusion behind the printer ink market is trying to maintain the bottom line.



Join us in our blind ambition.
2013-03-13 09:13:01 AM
1 votes:
I went in to Subway for a $5 foot long.

The choices where a sub with lettuce tomato, cucumbers, and pickles, or a nitrate laden salami sandwich.
or a BLT.

Anthing else that would be deemed palatable or filling was 6.75 and up.


2008 bean burrito at Taco bell.  $.79 .
2012 bean burrito at Taco bell  $1.29

but there is no inflation.  see that's just a greedy corporation that needs to be punished, as they refuse to hire more people than they need to get the job done.
2013-03-13 09:10:32 AM
1 votes:
Deflation is more the risk, with things being produced ever more cheaply by machines.  You can run a robot 24/7 and once it's paid off, the rest is gravy.  The days of scarcity are almost behind us.
 
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